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China to launch steel products futures at 'appropriate' time - association


Published : Wed, 31 Oct 2007 03:29
By : Agencies
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BEIJING (XFN-ASIA) - China will launch steel products futures at an 'appropriate' time, a senior official with the China Iron & Steel Association (CISA) said.

Qi Xiangdong, managing vice-secretary general of CISA, said the association and Shanghai Futures Exchange have together undertaken visits to London, Tokyo and Bombay to study the launch of such instruments.

China produced 466.85 mln tons of steel products in 2006, up 24.45 pct year-on-year. The association projects output this year of about 527 mln tons.

kelly.zang@xfn.com

-

xfnzw/xfntm

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